PTDIX vs. TBLYX

Last updated Aug 4, 2026

PTDIX (Principal LifeTime 2040 Fund) and TBLYX (T. Rowe Price Retirement Blend 2035 Fund) are both Target Retirement Date funds. Over the past 5 years, PTDIX returned 7.75%/yr vs 7.91%/yr for TBLYX. Their 0.97 correlation means they have historically moved very closely together. PTDIX charges 0.01%/yr vs 0.40%/yr for TBLYX.

Performance

PTDIX vs. TBLYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime 2040 Fund (PTDIX) and T. Rowe Price Retirement Blend 2035 Fund (TBLYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTDIX achieves a 7.20% return, which is significantly lower than TBLYX's 8.64% return.

PTDIX

• 1D: 0.28%
• 1M: 0.39%
• 6M: 4.44%
• YTD: 7.20%
• 1Y: 15.12%
• 3Y*: 15.01%
• 5Y*: 7.75%
• 10Y*: 10.32%
• ALL TIME*: 7.31%

TBLYX

• 1D: 0.15%
• 1M: -0.15%
• 6M: 5.35%
• YTD: 8.64%
• 1Y: 18.51%
• 3Y*: 14.19%
• 5Y*: 7.91%
• 10Y*: —
• ALL TIME*: 7.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PTDIX Principal LifeTime 2040 Fund	$0.00	$0.00	$0.00
TBLYX T. Rowe Price Retirement Blend 2035 Fund	$0.00	$0.00	$0.00

PTDIX vs. TBLYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PTDIX Principal LifeTime 2040 Fund	7.20%	15.59%	17.43%	18.33%	-18.13%	2.57%
TBLYX T. Rowe Price Retirement Blend 2035 Fund	8.64%	17.30%	12.43%	18.44%	-17.17%	4.09%

Correlation

The correlation between PTDIX and TBLYX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021	0.97

The correlation between PTDIX and TBLYX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

PTDIX vs. TBLYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PTDIX

PTDIX Risk / Return Rank: 46
PTDIX Sharpe Ratio Rank: 42
PTDIX Sortino Ratio Rank: 41
PTDIX Omega Ratio Rank: 41
PTDIX Calmar Ratio Rank: 47
PTDIX Martin Ratio Rank: 59

TBLYX

TBLYX Risk / Return Rank: 66
TBLYX Sharpe Ratio Rank: 65
TBLYX Sortino Ratio Rank: 64
TBLYX Omega Ratio Rank: 65
TBLYX Calmar Ratio Rank: 62
TBLYX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PTDIX vs. TBLYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2040 Fund (PTDIX) and T. Rowe Price Retirement Blend 2035 Fund (TBLYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PTDIX	TBLYX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.66	-0.33
Sortino ratio: Return per unit of downside risk	1.91	2.35	-0.44
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.06
Calmar ratio: Return relative to maximum drawdown	1.94	2.26	-0.32
Martin ratio: Return relative to average drawdown	8.26	9.67	-1.42

PTDIX vs. TBLYX - Sharpe Ratio Comparison

The current PTDIX Sharpe Ratio is 1.34, which is comparable to the TBLYX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of PTDIX and TBLYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTDIX vs. TBLYX - Drawdown Comparison

The maximum PTDIX drawdown since its inception was -54.38%, which is greater than TBLYX's maximum drawdown of -24.54%. Use the drawdown chart below to compare losses from any high point for PTDIX and TBLYX.

Drawdown Indicators

	PTDIX	TBLYX	Difference
Max Drawdown Largest peak-to-trough decline	-54.38%	-24.54%	-29.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	-7.83%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-13.05%	-13.02%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	-24.54%	-0.89%
Max Drawdown (10Y) Largest decline over 10 years	-30.02%	—	—
Current Drawdown Current decline from peak	-0.56%	-0.90%	+0.34%
Average Drawdown Average peak-to-trough decline	-7.45%	-5.94%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	1.82%	-0.11%

Volatility

PTDIX vs. TBLYX - Volatility Comparison

Principal LifeTime 2040 Fund (PTDIX) and T. Rowe Price Retirement Blend 2035 Fund (TBLYX) have volatilities of 2.82% and 2.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTDIX	TBLYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	2.77%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.76%	8.84%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	10.63%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.58%	13.04%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.78%	13.03%	+0.75%

PTDIX vs. TBLYX - Expense Ratio Comparison

PTDIX has a 0.01% expense ratio, which is lower than TBLYX's 0.40% expense ratio.

Dividends

PTDIX vs. TBLYX - Dividend Comparison

PTDIX's dividend yield for the trailing twelve months is around 9.14%, more than TBLYX's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTDIX Principal LifeTime 2040 Fund	9.14%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%
TBLYX T. Rowe Price Retirement Blend 2035 Fund	2.31%	2.50%	2.05%	1.94%	2.18%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTDIX and TBLYX in my portfolio?

With a correlation of 0.98, PTDIX and TBLYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PTDIX or TBLYX?

PTDIX has higher volatility (2.82%) compared to TBLYX (2.77%). In terms of maximum drawdown, PTDIX dropped -54.38% vs TBLYX's -24.54%.

Which has better risk-adjusted returns?

TBLYX currently has the higher Sharpe Ratio (1.66 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.